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Electric car maker Tesla Motors is sharing its technological brainpower with the world and will open up all of its patents in an effort to boost electric car production. Jean Elle reports. (Published Friday, Jun 13, 2014)

Updated at 7:49 AM CST on Friday, Jun 13, 2014

Electric car maker Tesla Motors is sharing its technological brainpower with the world and will open up all of its patents in an effort to boost electric car production.

"Tesla will not initiate patent lawsuits against anyone who, in good faith, wants to use our technology," Tesla CEO Elon Musk said in a blog post announcing the decision Thursday.

Musk said he hopes encouraging other electric car manufacturers to use Tesla's technology will help make cars less reliant on gasoline.

"Given that annual new vehicle production is approaching 100 million per year and the global fleet is approximately 2 billion cars, it is impossible for Tesla to build electric cars fast enough to address the carbon crisis," Musk wrote in his blog post.

"Our true competition is not the small trickle of non-Tesla electric cars being produced, but rather the enormous flood of gasoline cars pouring out of the world’s factories every day," he added.

Musk said his new business strategy was based on open source philosophy, which encourages the free and open development of technology, and said sharing Tesla's technology "will strengthen rather than diminish Tesla’s position in this regard."

The announcement came the heels of Monday's reveal that Tesla also planned to encourage standardized electric car specifications by opening Tesla's Supercharger system to other auto makers, Engadget first reported. The Supercharger lets Tesla drivers charge half the car's battery life in about 20 minutes.